Ocean Power Q4 Revenue Up 6 Percent
Ocean Power Technologies (NYSEMKT:OPTT), a provider of renewable energy and autonomous maritime systems, reported earnings for fiscal 2025 on July 24, 2025. The company delivered GAAP revenue of $5.9 million, an increase of 6% over the prior year. Gross profit (GAAP) declined sharply to $1.7 million compared to $2.8 million in FY2024. Operating expenses were cut by 28%, leading to a reduced net loss of $21.5 million, down from $27.5 million for FY2024. There were no consensus analyst estimates to compare against, so performance is measured against prior-year results. Overall, this period showed progress in backlog and cost reduction, but ongoing challenges in profitability and margin.
Ocean Power Technologies designs and builds renewable energy systems and autonomous marine robots for offshore monitoring, defense, and energy markets. Its core product lineup includes the PowerBuoy®, a platform that converts wave, solar, and wind energy into electrical power; WAM-V® autonomous surface vehicles (modular, AI-enabled boats for research and surveillance); and the Merrows™ command and control system, which integrates sensor feeds for maritime domain awareness.
The company's main focus has been expanding market reach and building recurring revenue streams. Key elements of growth include product innovation, entering new geographies, forming strategic partnerships, and transitioning to models like Data as a Service and Robotics as a Service. These efforts are supported by a growing pipeline and backlog, now at record levels, but financial returns are yet to match the expectations set by these strategic moves.
Source Fool.com
